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What is a category D car
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∙ 14y ago
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Using the word insure in a sentence?
Your insurance policy will insure you in case of a physical loss, such as a theft or a fire.
Category c insurance loss?
A vehicle is Cat C when the cost of repairing it's damage is more than the pre-accident value of the car.
Your mortgage company wants you to insure for the value of the loan but you think insurance should only cover the replacement cost of the structure what is the minimum coverage required?
You have to have it insured for at least the amount of mortgage. That is the mortgage companies "insurance" that it will be paid for if it is totally destroyed.AnswerIf you agreed to insure your house for the amount of the mortgage when you obtained your mortgage then you are bound by that agreement and will have no choice but to comply. Actually, the purpose of homeowner's insurance is not to insure the loan, it's to insure the property. You cannot purchase more than the replacement cost of the house. In the event of a total loss, you will only be paid the cost to replace the house up to the limit shown in the declarations, regardless of what the loan amount is. It is against the law for a mortgage company to require you to secure insurance for the value of the loan. They can be fined.
Can I still be covered under my parent's insurance and purchase a car in my name?
Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.Generally, the owner of the car must be the one to insure it. If there is a loss, the check for the insurance company payoff will go to the owner of the property. However, some companies offer family discounts.
Can you insure a home for more than duplication cost?
No. It is a Federal Crime ( a felony ) to profit from an insured loss.
What is the Concept of Risk when should we insure?
Note that when we speak about a risk, we are not referring to a loss that has actually been suffered but a loss that is likely to occur. It is thus an expected loss. The cost of this expected loss (which is the same as the cost of the risk) is the product of two factorsThe probability that the peril being insured against may happen, leading to the loss. Probability always lies between 0 and 1, where 0 means impossibility of loss occurring and 1 means certainty of it happening.The impact or severity which is the amount of loss that may be suffered as a result of a loss. A mild earthquake may cause little or no loss whereas a major earthquake may result in widespread losses and hence more severe.The cost of risk would increase in direct proportion with both probability and amount of loss.When deciding whether to insure or not, one needs to weigh the cost of transferring the risk against the cost of oneself bearing the loss that may arise. The cost of transferring the risk is the insurance premium - driven by the two factors mentioned in the previous paragraphs.The best situations for insurance would be where the probability is very low but the loss impact could be very high. In such instances, the cost of transferring the risk through its insurance [the premium] would be much lower while the cost of bearing it oneself would be very high.
Insurance is exclusively concerned with pure risks comment?
A category of risk in which loss is the only possible outcome.
What is the need of insurance?
To transfer your risk of loss to another party - the insurance company. The premium you pay the insurer is the cost of transfering that risk of loss.
Can you insure a repaired category d insurance loss vehicle?
yes a cat d is a damaged car at more than 60% of the cars value if is still has a mot you could run it as is if it was drivable, i just bought a cat d and did it up on the cheep and sold it for a 200% profit
How do you start an insurance company to self insure for fire only in Canada?
You don't need to start an Insurance Company to Self Insure. Self Insurance is defined by the absence of an Insurance Company. A self Insurer simply retains the risk of a loss. If you have a group of individuals who are wanting to Self Insure then what you will Want to Start Is a "Risk Rentention Group". Risk retention Groups are licensed by your Local Insurance Regulating Authority. You should contact them regarding rules and regulations for "Risk Retention Groups".
Can I have two insurance on your car?
You cannot insure my car. You can insure YOUR car. While you can purchsae more than one insurance policy, you will only be paid for the actual loss you have. If you have $1000 in damage, each would pay $500. Minus each company's deductible. It says that in your policy.
How much does it cost to get diamond insurance?
It depends on the diamond size and value, and how much you're willing to spend. Diamond is the strongest compound on earth so it's unlikely to get scratched or damaged. You can insure the jewelry against theft or loss, or damage to the band. This insurance is offered at the jewelery store you bought the diamond at.
